Tag Archives mortgage

5 Ways You Can Pay for Retirement in Advance

In retirement your income is largely fixed. Your Social Security payments will increase only by the annual inflation rate. And you can safely withdraw only about 4 percent of your savings each year, perhaps also adjusted for inflation. Given these constraints, it can be difficult to cope with sudden or large expenses. One way to prepare ...

Three Big Ways Retirement Has Changed

Retirement is not what it once was. Inheritance is no longer a sure thing to fund your golden years. Paying off a mortgage, once a rite of passage for retirees, makes less sense today. And forget the old saw that 65 is the right age to retire.  Increasingly, people are shying away from a date ...

5 Ways Your Home Can Help Fund Your Retirement

Your home can be used to give your retirement savings a quick and significant boost. But each of these ways of tapping your home equity also comes with potential pitfalls. Here's how your home can help you to pay for retirement. Pay off your mortgage. Owing a home mortgage-free eliminates one of your biggest monthly bills. ...